SEGRO plc (LON:SGRO) has been given an average rating of “Hold” by the twelve ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 521.27 ($6.91).
A number of research analysts recently commented on the company. Numis Securities Ltd reiterated an “add” rating and issued a GBX 580 ($7.69) price objective on shares of SEGRO plc in a report on Tuesday, September 26th. J P Morgan Chase & Co upped their price objective on SEGRO plc from GBX 465 ($6.17) to GBX 540 ($7.16) and gave the company an “underweight” rating in a report on Tuesday, July 25th. Liberum Capital upped their price objective on SEGRO plc from GBX 475 ($6.30) to GBX 505 ($6.70) and gave the company a “hold” rating in a report on Tuesday, August 1st. Peel Hunt upped their price objective on SEGRO plc from GBX 450 ($5.97) to GBX 550 ($7.30) and gave the company an “add” rating in a report on Tuesday, July 25th. Finally, HSBC Holdings plc upped their price objective on SEGRO plc from GBX 487 ($6.46) to GBX 489 ($6.49) and gave the company a “hold” rating in a report on Tuesday, July 4th.
SEGRO plc (LON:SGRO) traded down 0.09% during midday trading on Friday, hitting GBX 533.50. The stock had a trading volume of 1,694,361 shares. The company’s market cap is GBX 4.98 billion. The firm has a 50-day moving average of GBX 532.93 and a 200-day moving average of GBX 503.81. SEGRO plc has a 12-month low of GBX 402.20 and a 12-month high of GBX 547.50.
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About SEGRO plc
SEGRO plc is a United Kingdom-based real estate investment trust. The Company owns, develops and manages warehouse properties in the United Kingdom and Continental Europe. Its segments include Greater London, Thames Valley and National Logistics, Northern Europe (principally Germany), Southern Europe (principally France) and Central Europe (principally Poland).
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